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Copra Auction at Anaimalai Regulated Market Garners Rs. 30.49 Lakhs
SimpliCity News Team · 07 May 2024
Coimbatore: The regularly scheduled copra auction at the Anaimalai Regulated Market took place this Tuesday, seeing significant sales. The market, known for its weekly auctions, witnessed the participation of 97 local farmers who brought in a total of 847 bags of copra for sale.
During this auction, the highest quality copra, totaling 390 bags, sold at a maximum rate of Rs 9612 per quintal, whereas the second-grade copra, with 457 bags, reached a top sale price of Rs 8100 per quintal. Overall, the auction resulted in the sale of 381.15 quintals of copra, accumulating a grand total of Rs. 30.49 lakhs.
The Anaimalai copra auction is a critical event for local coconut farmers, providing them an opportunity to sell their crop at competitive prices and contributing significantly to the local agricultural economy.
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